Strategic investment in an American start-up and reconstruction by an AI expert

DGAP-News: Nemetschek SE / Keyword (s): Investment
08.07.2021 / 14:02
The issuer is solely responsible for the content of this advertisement.

Company News

Nemetschek Group: strategic investment in an American start-up and reconstruction of an AI expert

– State-of-the-art technology for remote quality control and progress tracking

– Infusion of capital to accelerate global expansion

– Perfectly suited to Nemetschek’s strategy of investing in the drivers of innovation

Munich, July 8, 2021 – The Nemetschek Group, one of the world’s leading providers of software for the AEC / O industry, participated in the Series B funding round of Reconstruct, the US leader in remote quality control and powered progress tracking software by Computer Vision and artificial intelligence (AI). Jon Elliott, Division Manager, Build & Construct Division and Member of the Board of Directors of the Nemetschek Group will join the Board of Directors of Reconstruct.

Led by the Nemetschek Group and with other AEC companies and leading tech titans, Reconstruct has secured a total of approximately $ 17 million to develop remote quality control for construction and real estate, which in turn will make projects on time and on budget a reality. . This capital injection will accelerate Reconstruct’s product roadmap and global expansion.

Reconstruct CEO Zak MacRunnels explains, “It is exciting to see leading AEC technology companies like the Nemetschek Group appreciate the uniqueness and transformational nature of our software as a service. Their investment allows us to deliver our multi-patented automated detection offering that adds significant efficiencies to the workflow provided by general contractors to owners. “

“By tackling the industry’s biggest challenges, Reconstruct is leading the way in applying computer vision and AI to help managers understand the quantity and quality of work being done and provide a project brief for construction and infrastructure projects, ”said Jon Elliott, Division Manager, Build & Construct Division and member of the Nemetschek Group Board of Directors. “We are delighted to fuel the growth of Reconstruct through this investment and by connecting them to our open partner ecosystems of Bluebeam and other Nemetschek brands in the areas of architecture, engineering, construction and construction. operations, thereby increasing the value of digitization for the AEC / O industry. “

Reconstruct has continued its growth rate of 300% over the past 2 years. The company supplies its software to clients ranging in complexity from 7-Eleven and McDonalds to billion dollar construction companies and industrial and infrastructure owner-operators. Pfizer, for example, uses Reconstruct at its production sites around the world.

The investment fits perfectly with the Nemetschek group’s strategy of helping young companies shape the future AEC / O market and spur innovation. See also a recent announcement regarding the participation in the Series A funding of the fast growing Contech start-up Sablono, the market leader in digital lean technology for construction companies.

About the reconstruction

Reconstruct (R) was founded in 2016 to make the built world a better place to live, work and play. With offices in Silicon Valley and the Midwest and team members located around the world, Reconstruct’s Visual Command Center for Construction (TM) brings together reality capture, design and schedule to provide control quality and remote monitoring of real estate and construction assets.

About the Nemetschek group

The Nemetschek group is a pioneer of digital transformation in the AEC / O industry. With its intelligent software solutions, it covers the entire lifecycle of construction and infrastructure projects and guides its customers into the future of digitalization. As one of the world’s leading business groups in this sector, the Nemetschek Group increases the quality of the construction process and improves the digital workflow for everyone involved. Customers can design, construct and manage buildings more efficiently, sustainably and profitably. . Emphasis is placed on the use of open standards (OPEN BIM). The portfolio also includes digital solutions for visualization, 3D modeling and animation. The innovative products of the four customer-oriented segments are used by approximately six million users worldwide. Founded by Professor Georg Nemetschek in 1963, the Nemetschek group today employs more than 3,000 experts.

Listed on the stock exchange since 1999 and listed on the MDAX and TecDAX, the company achieved a turnover of 596.9 million euros and an EBITDA of 172.3 million euros in 2020.

Contact:
Stefanie Zimmermann
VP Investor Relations & Corporate Communication
NEMETSCHEK SE
Konrad-Zuse-Platz 1
81829 Munich
Phone. : +49 89 540459-250
M: +49 175 7211197

08.07.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
Archives on www.dgap.de


Source link

About Wanda Dufresne

Check Also

The Zurich Film Festival unveils a program that gives pride of place to Hollywood glitz

09/16/2021 – Zurich will host its festival from September 23 to October 3, aimed at …

Leave a Reply

Your email address will not be published. Required fields are marked *